Jan 16, 2020
The Hult Prize has recently announced the winning team from Indian School of Business that has advanced to the 11th annual Regional Summit in San Francisco/ Toronto / Ho Chi Min.
The Hult Prize is a crowdsourcing platform for social good, named one of the top five ideas changing the world by TIME Magazine. The innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. This year, the Hult Prize is focused around finding solutions for the billions of people around the world affected by Empowering the Earth: Bold Business for a Better Planet. The winning team members from Indian School of Business include Raju Mallikarjuna Rao Chandu, Krishna Mundra, Bejoy Thomas, Abhinav Chandra from PGPMAX Batch 2 course.
The team competed in the Hult Prize at Indian School of Business OnCampus program on December 15.2019 and built a solution to this year’s challenge, Empowering the Earth: Bold Business for a Better Planet. Their solution is “SOAP ONE” is a midsised bathroom soap consisting of 5-10 grams of soap material wrapped around a hard bubble/hollow space inside. The main idea is to prevent wastage of soap in hotel rooms, reduce the costs by 50% & would have a huge favourable impact on the Environment.
The Winning team will now move on to compete at the Hult Prize Regional Summits in March/April 2020, which are being hosted in 25+ cities around the world. Indian School of Business will compete in San Francisco/ Toronto / Ho Chi Min.
“Hult Prize OnCampus Events at ISB witnessed some of the brightest minds in the country passionately presenting their ideas to make the world a better place for future generations. It was truly an amazing experience.”, Sandeep Rajagopal, Campus Director, Hult Prize On Campus Program at ISB.
Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the Hult Prize to the global youth revolution. He said, “We continue to be moved by the large number of students from around the world who are capitalising on the opportunity to develop business models that target those who are in most need. We wish every team the best of luck and thank the Indian School of Business for supporting this initiative.”
Following the Regional Summits, one winning team from each host city will attend the Hult Prize Global Accelerator, lately announced by Unikorn.com as the world’s greatest social impact accelerator. Accelerator participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. The Hult Prize Global Finals will take place in September at the United Nations Headquarters, where one team will be selected as the winner and will be awarded the US$ 1,000,000.
“The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces.” – President Bill Clinton, 42nd President of the United States.
To learn more about the Hult Prize Foundation, please visit www.hultprize.org